With Scottish Widows, we are pleased to offer you Stakeholder pensions at a reduced annual fee.  Stakeholder pensions can charge a maximum of 1% per year, and we can reduce this even further.

Many of you are not fully aware of the flexibility of the Stakeholder Pension and how it can be used to your advantage.  You may open Stakeholder Pensions for your children, your grandchildren and your spouse even if they are not in employment and have no “relevant earnings.”  Without any evidence of earnings, you can pay up to £3600 per annum which can be made by monthly instalments or single premiums.  The major advantage is that the Government gives you £792, which is basic rate tax relief.  An investment of £3600 will only cost you £2808 and the full amount is added to the fund.  In instalment terms, that means a monthly payment of £300 will only cost you £234.

For SIPP or Stakeholder information, please speak to our Pensions section on 0161 819 4835.

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